管理政策股 的英文怎麼說

中文拼音 [guǎnlǐzhèngcègǔ]
管理政策股 英文
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  • 管 : Ⅰ名詞1 （管子） pipe; tube 2 （吹奏的樂器） wind musical instrument 3 （形狀似管的電器件） valve;...
  • 理 : Ⅰ名詞1 （物質組織的條紋） texture; grain （in wood skin etc ） 2 （道理;事理） reason; logic; tru...
  • 政 : 名詞1 （政治） politics; political affairs 2 （國家某一部門主管的業務） certain administrative as...
  • 策 : Ⅰ名詞1 （通「冊」 古代寫字用的竹片或木片） bamboo or wooden slips used for writing on in ancient ...
  • 股 : Ⅰ名詞1 （大腿） thigh; haunches 2 （機關、企業、團體中的組織單位） section of an office or enterp...
  • 管理 : manage; run; administer; supervise; rule; administration; management; regulation
  • 政策 : policy
  1. The third part of the article, proposes such as investments mechanism, stock right setting up, organization management system, and indistinction between the functions of the government and those of enterprises phenomenon hinder standard from distribution system some countermeasures

    文章的第三部分，提出了諸如投資機制、股權設置、組織機構管理制度、分配製度不規范及政企不分現象依然阻礙企業經營決策自主權等現存股份合作制企業存在的主要問題，並提供了一些對策。
  2. In fact, it is the special system of our country that increase the incoherence and unconditionally of all the stockholders and the lack of the true investors. these two elements increase the stockholders " dissimilated behavior. in dividend policy, the difference of payment level resulted from the variance of the controlling degree embodies not the difference of stockholders " decision making to increase the company " value but the particular preference of the nonnegotiable shareholders and the management

    而最根本的原因是由於我國特定製度安排導致了股東群體的非一致性和非制約性的強化以及真正投資主體的缺位，兩個因素的共同作用加劇了股東行為的異化，表現在股利政策上，由股權控制度變化產生的支付水平差異主要體現為非流通股股東及管理層的特殊偏好，而從質的角度，以公司價值為目標的真正股東化主體的決策差異分析無效。
  3. 1. reconstruction of practical strategy, establish and improve the current cooperation system, normalize the cooperation management structure, construct the balance share, normalize the decisions system, absorb the independent board system, revolute the economic and management system of government. the key task of government is to improve the law environment

    在深入研究與探討的基礎上，提出了相應的對策建議: 1 、實行戰略重組，建立和完善現代企業制度，規范公司治理結構，構建相對制衡的多元化股權結構;規范決策機制、引入獨立董事制度;變革政府的經濟管理模式，政府的重點任務是完善法律環境。
  4. With continuingly rapid growth of hi - tech enterprises in china, both researchers and practioners in this field have paid much attention to the issue of profit distributions

    隨著我國高新技術產業的快速發展，如何制定與之相適應的利潤分配策略，即制定適當的股利政策，成為當前理論界和廣大高新技術企業投資者、管理者所思考的重要課題。
  5. Contents of this course include : basic concepts of financial management, atternative forms of business organization, financial statement analysis, break - even analysis, operating & financial leverages, managing working capital, short - term financing, financial mathematics, capital budgeting & risk, discounter - cash - flow model, fundamentals of securities valuation, cost of capital, capital structure, dividend policy, long - term financing, leases, mergers & acquisitions, holding companies, restructure and liquidation

    課程涵蓋了財務管理的基本概念，企業組織型態，財務報表分析，損益平衡分析， ?桿原理，營運資金管理，短期融資，財務數學，資本預算及風險，現金流量折現模型，證券評價基礎，資金成本，資本結構，股利政策，長期融資，租賃，並購，握股公司，重整及清算等重要課題。
  6. At first, from the motive of listed comoany " s handle profit. the listed company will produce keen motive of manipulate profit in order to get the right of gathering the funds from the public market, in order to avoid loss the right of gathering funds from the public market because of consecutive three year ' s loss in business, in order to attain the qualifications to gather the funds from public continually, in order to match the banker to manipulate the stock price to acquire the exorbitant profits, in order to get the interest of the management layer

    首先，從上市公司利潤操縱行為的動機看，上市公司為了取得上市向公眾募集資金的權利、為了提高發行價格盡可能多地募集資金、為了避免連續三年虧損而被摘牌喪失向公眾募集資金的權利、為了達到配股資格線繼續向公眾募集資金、為了配合莊家操縱股價牟取暴利、為了管理層自身利益等目的，在相關政策法規不完善的情況下，產生了強烈的操縱利潤的動機。
  7. When the iliquidity risk was not included in the test, the size effects was proved to exist in china ' s stock market. from the reality of china ' s stock, it is believed that the abnormal return can be accounted for by the illiquidity risk caused by manipulation. to verify the hypothesis, the turn - over rate, fluctuation of turn - over rate, the rate were introduced into the study. this study provided a joint test of the factors above

    這表明在我國的股票市場，小公司效應與投資環境有關，在時間上與管理層對股票市場的政策變化有較高的相關性。在不包含流動性風險的時候，對股票的超額收益與其規模因子進行分析，發現股票表現出小公司效應。筆者從中國股票市場的實際情況出發，認為小公司效應的存在是由於超額收益沒有考慮到市場操縱而產生的流動性風險。
  8. This essay gives a short review with those well - known dividend distribution theories, and then puts forward three approaches that will be helpful to achieve the goal of maximization of shareholder wealth, which is more - retained dividend, stock dividend and stock split

    本文在闡述股利分配的幾個著名的理論之後，給出了多提留的股利政策、股票股利、股票回購三個在考慮所得稅存在的情況下可選擇的股利分配方式，以實現股東財富最大化的財務管理目標。
  9. Our country bank not good property origin is extremely complex, mainly has following several aspects the reason : ( 1 ) under the planned economy system, the " series receives series " and " dials changes loans the loan which history and so on " policy leaves behind down to form not good loans ; ( 2 ) 1, 992 - in 1993 economical heat, the large amount fund flows to the real estate, the stock market and so on ; ( 3 ) for many years building redundant project, credit fund effect even more difference ; ( 4 ) local authority to financial organ intervention ; ( 5 ) the financial organ internal management is bad and so on

    我國銀行不良資產的成因十分復雜，主要有以下幾方面的原因： （ 1 ）計劃經濟體制下， 「統收統支」及」撥改貸」政策等歷史遺留下來的貸款所形成的不良貸款； （ 2 ） 1992 1993年經濟過熱，巨額資金流向房地產、股票市場等； （ 3 ）多年來重復建設，信貸資金效益甚差； （ 4 ）地方政府對金融機構的干預； （ 5 ）金融機構內部管理不善等。
  10. The plan is to finger out the laws and rules in favor of the venture capital ' s operation in order as soon as possible, establish the leading fund provided by government, offer governmental credit assurance and stock, reduce the tax to the high - tech enterprise, construct the polarizing investor frame including government, corporation, international investment company, achieve the legalization of private - collecting fund, quicken the course of endowment insurance fund of investment to the venture capital, that can solve the problem of capital shortage, to improve the rule - framework of the investment company, and expect to carry out the limited and partnership company. through the way of theoretics education and practice, introduce into the advanced technology and talent to promote the ability of investment specialist, strengthen the inspection to medi - agency and exploit the operation scope, bring forward a set of high - tech enterprise evaluating system suitable to choose the enterprise invested by the investment company. last, buy by corporation, and - techniqufi - and property right dealing market is the practicable exit channel comparatively

    即盡快制定有利於風險投資規范運作的法規及條例，建立政府導向基金，為高新技術企業提供政府信用擔保、政府采購以及稅收優惠等政策支持；構造由政府、大公司、國際投資公司構成的多元化投資者結構，盡快實現私募基金的合法化，加快社會養老保險基金進入風險投資的進程，以此方式解決資金短缺的問題；在目前有限責任和股份有限機構組織形式的基礎上，改善風險投資機構的法人治理結構，並建議早日實現有限合夥制組織形式；以理論教育結合實踐，引進國外先進技術和人才等方法促進投資專業人才能力的提高；通過加強對中介機構的監管和拓展中介機構風險投資中介服務，促進中介機構的建設，並結合實際提出一套適合於風險投資公司選擇投資項目的高新技術企業評估體系；最後建議以大公司收購和技術產權資本交易的方式作為目前較為可行的風險投資退出渠道。
  11. By throwing penetrating light on the root of risks, we may conclude briefly that they are : the problems of the state - owned property ; the " over - supply " and " insufficient - supply " by the government coexist ; the absence of advanced capital market concluding above researches, we may get down to the main context of risks eluding as such : exploring the deep root of risks in order to depress the stimulation for the opportunism of the market participants. the basic ways would be that : to deal with effectively the deficiencies which the stock shares in the operation of debt - in - lieu - equity inflict upon the administration capability, to optimize the corporation governance - structure in the state - owned enterprises should be the core measures in the risks shunning operation

    尤其在審批者缺乏有效的鑒別手段，且自身存在較強的道德風險的倩況下，國有企業具有更大的逆向選擇酮；隴在著逆向示範風險：一方面債轉股按帳面價值轉移國有椅業銀行的不良資產，對其既往不咎，容易導致商業銀行的道德風險；另一方面，在我國特定的制度背景下，所有的國有企業都將債轉股視作一項優惠政策，而這種「優惠」又往往是為「壞」企業設置的，這對非轉股的好企業就會形成逆向激勵，從而選擇拖欠本息、鬆懈管理。
  12. Dividend policy reflect interests relationship among the company, shareholders, creditors, senior managers, employee, etc. the company, regarding as the ties of interest relation in the interest subject, need to keep reserves high to meet the demands of reproduction enlarged. to the creditor, the company must keep reserves to increase the enterprise profit ability to promise the repayment

    公司股利分配政策反映了公司、股東、債權人、公司管理者等各利益相關主體之間的利益分配關系。對于作為聯結各利益主體之間利益關系的紐帶? ?公司來說，公司既需要收益留存、增加積累、滿足擴大再生產的需要；又要滿足投資者的需求，為其未來資金籌集提供來源。相對于債權人而言，需要公司將收益留存、增加企業盈利能力，滿足其本金償還的需要。
  13. The outstanding achievement on marketing is its aim, but the profit maximization is not its top priority. it undertakes financing activities directly and indirectly in the relative given business fields in order to carry out or assist the government ’ s social and economic policy, helping develop economy, boost society advances, supervise and regulate the macro economy

    政策性銀行是指那些由政府獨資、控股或保證，不以營利為目的，為貫徹、配合政府的社會經濟政策或意圖，在相對特定的業務領域內，直接或間接從事融資活動，充當政府發展經濟、促進社會進步、進行宏觀經濟調節管理工具的金融機構。
  14. At present, the state policies require enterprises to implement overall budget management, and because the business environment is changing, hunan zhenghong science development co. ltd in the feed trade leading position must choose the cost leads strategy as his main competitive strategy. for this, it need overall budget management to combine the value chains of enterprises urgently, optimize the resource distribution of enterprises, improve the operation efficiency of enterprises

    目前，國家政策法規要求企業實施全面預算管理;同時由於飼料行業環境變化，作為處於行業主導地位的湖南正虹科技股份公司，成本領先已越來越成為企業的主要競爭戰略，企業同樣迫切需要全面預算管理來整合企業的價值鏈，優化企業的資源配置，提高企業的運營效率。
  15. Study suggests the main constraints of management buy - out : it ' s groundless to fix a price, the information published not confirm with regular standard, purchase procedure is not transparent, purchase action is not with market law, and also policy restriction. consequently, the paper put forward solutions to improve management buy - out : 1 ) the policy to evade the inside risk : the main way is to select suitable enterprises to develop management buy - out ; 2 ) to ensure the transparent and the market standard of the purchase procedure : the main point is to guarantee the justification of the purchase price, to strengthen the transparent of the information announcement ; 3 ) to consummate the mechanism of supervise government : which the work should be done in the supervise department of government ; 4 ) to emancipate the mind, decrease the government action in the enterprises purchasing ; 5 ) to care for the latter developing of the mbo, the purpose of mbo is to pursue the biggest profit of the enterprise ; 6 ) to consummate the environment of circulating necessary funds ; 7 ) to solve the funds and taxes problems of mbo, this is a better way to solve the problems of mbo

    一是管理層收購定價方面的法律依據不足：二是信息披露不夠規范，現階段運作或已完成的mbo案例在進行信息披露時尤其是披露其資金來源時多諱莫如深，令投資者對其資金來源皆產生懷疑；三是收購程序不透明，歸根到底也是法律方面的不足，缺乏相關的公正的運作程序和政策保障；四是收購行為非市場化，我國的管理層收購結束之後往往僅僅是相對控股，股票繼續交易，所有者與經營者分離的問題並沒有從根本上得到解決，所有權與經營權相統一的目標沒有達到，這就可能造成大股東也就是內部人侵吞中小股東利益將更為便捷；五是融資渠道潰乏，主要是國家政策和法律的障礙限制了mbo的融資渠道；六是服務市場不夠發達，主要是中介市場缺乏高素質的專業人才，無法滿足客戶進行mbo的需要，從而限制了mbo在中國的運行；七是政策限制，主要對合法的收購主體的限制、收購規模的限制、收購時點的限制以及收購資金來源的限制。
  16. The owners need to build the effective internal control to protect the assets, insure the managers managing the company with their whole heart. on the other hand, the managers also need a nice internal control system because they must carry out the company ’ s policy and realize the management aims to reduce the possibility that they would be fired at any moment

    一方面，所有者從自身利益出發，為了保護資產安全完整，確保經營者「盡心經營」 ，要求建立完善的企業內部控制體系;另一方面，經營者為了履行對股東的承諾，降低自身「被替代」的風險，貫徹公司政策和管理目標，也需要建立完善的內部控制制度並設法保證其有效運行。
  17. The remuneration committee is responsible for formulating and recommending remuneration policy to the board and determining the remuneration of executive directors and members of senior management, as well as reviewing and making recommendations on the group s share option scheme, bonus structure, provident fund and other compensation - related issues

    薪酬委員會負責制訂薪酬政策及向董事提出建議，厘訂執行董事及集團高級管理人員之薪酬，以及檢討公司之購股權計劃分紅機制公積金與其他關于薪酬之事宜。
  18. But over emphasizes finance dividend policy if listed company is unscientific and irrational, with random and blindness. in order to pattern the behavior of dividend distribution of the listed company of our country, we should make items of law and concerned to regulations so that standardize the dividend distribution of the listed company. to perfect company ' s governance structure is to prompt to make rationally decision of dividend distribution policy

    根據以上分析，提出了規范我國上市公司的股利分配行為的對策：制定相關法規，規范我國上市公司股利分配政策；完善公司治理結構，促進股利分配政策的理性決策；通過股權多元化和分散化，實現股權結構優化；弱化行政干預，加強監管力度；積極培育機構投資者，使之成為穩定股市的中堅力量。
  19. Besides, there are great deals of other questions, which cause various kinds of mechanism of corporate governance unable to play a effective role. at the same time, the article make a deeply analysis to the reasons. finally, the article put forward some advises : reducing the state - owned stock progressively, foster the institutional investor actively, design some encouragement and restriction mechanism to a manager, reform and perfect the state assets management system, perfect regulation system and withdraw mechanism of security market and unifying the stock market progressively, set up powerful security payment mechanism of debts, strengthen restriction of creditor ' s rights of the banks, develop corporate bond financing, and so on

    本文以資本結構的基本理論為起點，對各種資本結構理論觀點進行概括，並從股權和債權兩方面分析了資本結構對公司治理的作用和影響效果；通過對國有上市公司的資本結構進行實證分析，揭示了我國國有上市公司的資本結構存在股權和債權結構不合理，股權內部構成和債權內部構成不合理等諸多問題，由此導致了公司治理各種機制的有效作用無法正常發揮，使得公司治理的效應不佳，並進一步對產生這種股權和債權治理效率低下的成因進行了深層次的分析；最後從宏觀和微觀層次，提出對國有股進行有步驟的減持並逐步實現其流通、改革與完善國有資產管理體制、積極培育機構投資者、完善證券市場的法規體系和逐步統一股票市場、建立強有力的償債保障機制、設計經理人激勵約束機制、強化銀行的債權約束、發展企業債券融資等政策建議。
  20. So it must select suitable industry to invest or withdraw its capital according to the basic orientation of the national industry policy in order to incarnate the intention of government " s control. on the other hand, as a market investor with independent accounting, self - management, assuming sole responsibility for its profits or losses, the company must base itself upon the market, establish consciousness of competition, rely on market measures so as to pursue the maximum benefit of capital

    作為政府投資主體，公司的經營管理對象是國有資產的產權或股權，公司運作需依據國家產業政策的基本導向，選擇適宜的進入與退出方向，充分體現政府的調控意圖；作為獨立核算、自主經營、自負盈虧的市場投資主體，公司需要立足市場，樹立競爭意識，依靠市場化手段，追求資本效益最大化。
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